India has a Bumper Harvest

For the first time in the history of Independent India, foodgrain production has crossed 227 million tonne, causing global rice futures to dip 26 per cent and wheat prices to come down from $360 to $250 a tonne. What’s more, in each of the principal categories, output has notched an all-time record.
India produced 95.68 million tonne of rice in 2007-08, up from 93.35 million tonne in the previous year.
Wheat production is at 76.78 million tonne this year which was 75.81 million tonne in 2006-07.
Output of coarse cereals jumped to 39.67 million tonne in 2007-08 from 33.5 million tonne the previous year.
At 18.54 million tonne, pulses registered a rise in production this year over 17.5 million tonne in 2006-07.
Production of oilseeds in 2007-08 was 28.21 million tonne, up from 24.2 million tonne last year.
Soyabean output rose to 9.43 million tonne this year from 8.85 million tonne in 2006-07.
Cotton production increased to 23.19 million bales (170 kg a bale) this year from 22.63 million bales in 2006-07.